Mountainman: Med do you know how much currency Iraq has in circulation currently?

MED: WELL BACK IN MAY 2010 THEY SAID THEY HAD 24 TRILLION IN CIRCULATION

Mountainman: According to the CBI site as off January 2012 about 28 trillion down from a high of 30 trillion in 2011

MED: NOW THEY HAVE BOUGHT BACK ALLOT NOW WHEN I LOOKED AT THE IMF SBA REPORT THEY HAD LIKE 10 TRILLION ON THAT REPORT

Mountainman: then its down even more

MED: YES

Mountainman: excellant...Read More Link On Right

_MED: NOW THAT AS FAR AS I KNOW DOES NOT COUNT THE GLOBAL LIQUIDITY NOW THE IMF

Mountainman: Curious as I have been studying up on revaluations lately

MED: DOES HAVE A REPORT AND IT SHOULD SHOW HOW MUCH HARD CURRENCY IS ACTUALLY AT THIS MOMENT IS OUT REMEMBER THE M2 SHOWS TOTAL DEBT

Mountainman: yes

MED: AND WE ARE ONLY CONCERNED WITH THE ACTUAL PHYSICAL CURRENCY FROM WHAT WE FIGURED JUST FROM THE SITES THAT YOU AND I HAVE BEEN INVOLVED WITH THERE ARE MANY BILLIONS AND IT COULD POSSIBLY BE SEVERAL TRILLION IN THE U.S.

Cheeks: 20-30

MED: COUNTING THE GOVT

Mountainman: Their M1 money supply is almost triple that of our US M2 money supply. Did you realize that?

MED: OUR GOVT IS SUPPOSE TO BE ABOUT 5 TRILLION NO I DID NOT

Mountainman: Well a basic in economics is that a monies value is based on how rare it is... If Iraq goes to 1 to 1 then they would assume a 28 trillion dollar debt... which would be way more than even the US current debtr

Cheeks: ?

Mountainman: so it makes alot of sense to me why the CBI is talking about bringing up the value of the dinar in stages

Cheeks: is the amount in cicluartion is 70 trillion dollars

Mountainman: 28 trillion dinars cheeks

Cheeks: dinars right oh where the hell did i get 70 from hum

Mountainman: according to my research there has never been any currency revalue more than 50% at any one time and you would be hard pressed to find many that moved 35%so historically speaking it would be unreasonable to expect the dinar to leap from 1170 to 1 all in one move because that would represent an increase of over 1000%

Cheeks: so mountain what are yo saying

MED: THAT IS WHAT THEY SAID ALSO MM

Mountainman: I think we are going to see a gradual increase in the value of the dinar

MED:THEY SAID THEY NEEDED TO MOVE IT GRADUALLY TILL IT WAS READY TO HIT ONE TO ONE NOW REMEMBER ON THE APRIL 2007 FEASIBILITY STUDY THEY DETERMINED THAT IRAQ COULD CARRY A 1.17 OR APPROX RATE OF EXCHANGE WITH THE USD BRB

Mountainman: But also and most importantly they did not have nearly as much currency in circulation in 2007 as they do today...

Cheeks: which is removing the 3 zeors from nominal rate.. and that is the start of the rv back to 1:1

Mountainman: That is why the CBI is diligently reducing the amount of dinars in circulation... they need to get as many dinars out of circulation as they can get

FOLLOWING MED CHAT POST BY GLK -- 9:30 PM ESTstlou says to (20:08:03):BAGHDAD / With: Deputy Governor of the Bank predicted the appearance of Mohammed Saleh, Sunday, low price of the dollar against the Iraqi dinar in the coming days.stlou says to (20:08:18):Saleh said the reporter and the news agency the future on Sunday, that: “The high price of the dollar against the dinar controlled and will see the coming days, a significant decline,” attributing the “reasons for the high price of the dollar against the dinar to the circumstances of non-natural plaguing the neighboring countries, which had a negative impact in the currency market the country, “Makdan:” the great size of the budget had a significant impact on the Iraqi market, which led to increased demand for foreign currency, as well as increased smuggling currency out of the country. “

stlou says to (20:08:44):The Committee on the economy and investment representative announced earlier held an extended conference to address the high exchange rate of the dollar against the Iraqi dinar, indicating that the conference will address the possibility of reforming the banking system in the countrystlou says to (20:08:50): that's it..

MED says to (20:08:59): HE SAID THIS A MONTH AGO ALSO AND 3 WKS AGO AND 2 WKS AGO AND LAST WK

stlou says to (20:09:24): and now today..

MED says to (20:09:27): YES

stlou says to (20:09:32): hey, he's gettting consistent!!!

MED says to (20:09:34): AND HE CANNOT DO ANYTHING ABOUT IT HE CANT

GOP says to (20:09:43): I was thinking it sounded very familiar

MED says to (20:09:47): THE AUCTIONS MUST STOP RIGHT NOW THENTHEY MUST BAN THE USE OF THE USD IN IRAQ THEN THEY NEED TO REVALUE THE DINAR TO SOME MIDWAY POINT SO THE PEOPLE ARE NOT SHOCKED BY ITTHEY NEED TO GO INTERNATIONAL ON THE DINAR THEY ALSO NEED TO IMMEDIATELY MOVE TO GET TRADE WITH THE US UK AND CANADA ALSO AUSTRALIATHEY NEED TO STOP TRADING WITH SYRIA AND IRAN THEY ALSO NEED TO MOVE INTO THE EUROPEAN MARKETSBUT NOT THE COUNTRIES THAT HAVE A POPULATION OF LIKE 1000IRAQ HAS THE ECONOMIC WEALTH BUT NOT THE ECONOMY I KNOW THAT SOUNDS CONFUSING BUT IT IS BECAUSE OF THE 95% REVENUES FROM OIL 3 YRS AGO IT WAS AT 85%

rowboat says to (20:15:10):what happen ?

MED says to (20:15:57):WHAT DO YOU MEANTHEY INCREASED THE OIL OUTPUTHELLOHELLO

MED says to (20:32:33):WELL MY FRIENDSTHINGS SEEM TO BESTRAIGHTENING OUTAND I THINK FROM WHAT I HAVE READFOR THE LAST WEEK

irishbrian says to (20:33:05):Great news Med

MED says to (20:33:19):IT IS GOING IN THAT DIRECTIONI WILL BE HONESTIF I HAD NOT SEEN A CHANGEAND THE COUNCIL BEEN TOLD TO MIND THEIR OWN BUSINESSI WAS CLOSING SHOP HERE

irishbrian says to (20:34:08):I was spitting mad when I read that crap the media posted about Shabs doing a runner to Switzerland I mean !!!!?? Talk about irresponsible

MED says to (20:34:16):THE WAS NO WAY I WAS GOING TO PUT ANY OF YOU THROUGH ANOTHER2 OR 3 YRS OF THISI KNOW BRIANTHAT IS THE DAWA PARTYI WAS NOT GOING TO SELL MY DINARMBUT WE ALL COULDNT HANDLE THIS FOR ANOTHER 3 YRS

irishbrian says to (20:35:07):We know it's BS Med but still it is harmful to see it in the media

MED says to (20:35:19):AND IT EASILY COULD HAVE GONE ON THAT LONGI AGREE BRIANAND I DISCUSSED THIS ALL IN AN EARLIER CHAT

irishbrian says to (20:35:38):At least until they get Maliki out of there

Brewbaby says to (03:26:53):I am glad to see you are feeling better about this stuff

MED says to (03:27:12):HMMMMI AM CAUTIOUSCUZ REALLY

Brewbaby says to (03:27:24):just read your chat from last night

MED says to (03:27:33):I FIGURESINCE NOTHING IS REALLY BEEN DONE TO CHANGETHEN EVERYTHING MUST BE THE SAMEBUT IT JUST SEEMSOR IN THE BACK OF MY MINDSOMETHING IS NOT FINISHED HERENOW I KNOW SADRAND IN FACTMUCH OF THE NATIONAL ALLIANCEAND ALSO THE KURDSDO NOT WANT TO ALLOW MALIKI TO RUN FOR #3AS LONG AS HE IS IN OFFICEIRAQ WILL JUST STRUGGLE

Brewbaby says to (03:29:21):they would have to be crazy to let that happen, then again, they might be

MED says to (03:29:22):LIKE A RAFT ON THE OCEANIT DEPENDS ON WHO GROWS A SETI MEAN YOU CAN TELL IT IS BUILDINGPOLITICAL OPINION ALL AROUND

Brewbaby says to (03:29:57):even if they grew a set together, it would be better than what they have now

MED says to (03:30:01):EXCEPT FOR THE DIE HARD ******IN THE DAWAAND RULE OF LAW PARTYT**BLEEP*********

Brewbaby says to (03:30:52):they are the ones that keep things stirred up, because they have the media in their hands and everyone of them have something to say in print

MED says to (03:30:55):EVEN THOUGH I CAN GO AND PUT MYSELF IN A MIDDLE EASTERN THINKINGTO READ THE ARTICLESOH AND THE RULE OF LAWDOES NOTHING BUT STIR THE POTOVER AND OVERAND THEN THEY RUB IN THIS WE ARE THE OWNERSTHEY ARE THE OWNERS FOR ONE REASONTHE LIST AND KURDS ALLOWED ITIF THEY WOULD NOT HAVE

Brewbaby says to (03:32:05):that is just it, they do own everything, because they are the only ones that stand up and say anything

MED says to (03:32:08):THEN WE WOULD STILL BE LOOKING FOR A GOVTI DO NOT UNDERSTAND WHY MALIKI HAS THE SAYIN THE LISTS PROPOSED SECURITY CHIEFTHEY OWN IT

Brewbaby says to (03:32:50):because not enough of Parliament shows up to do anything about him

MED says to (03:32:52):AND MALIKI IS PROXYFOR HALF THE GOVTTHIS IS WHY THEY ARE SO SCREWED UPNOT JUST BECAUSE IT IS MALIKIBUT BECAUSE NO HEAD OF A GOVTCAN DO THAT AND DO IT WELLAND WE THE U.S.ARE AT FAULT HERE TOOWHEN BUSH DID NOT LIKE JAFAARIAS PMHE GOT RID OF HIM

Brewbaby says to (03:34:11):even a dictator delegates certain jobs or positions to people he trusts

MED says to (03:34:11):PUT PRESSURE ON IRAQTHAT IS ITIN A NUTSHELLHE TRUSTS NOONEAND ACTUALLY HE IS RIGHTNOONE TRUSTS HIMTHIS IS COMMON PROBLEMFOR A PERSON WHO DECEIVES OTHERSTHEY HAVE THAT PARANOIATHAT EVERYONE IS THE SAME AS THEM

Brewbaby says to (03:35:26):and he has lied so much, that one lie has led to another lie, then another and so on.

MED says to (03:35:36):OH THAT IS AN UNDERSTATEMENTLOLONE THINGAND I DO NOT KNOW WHY OBAMA DOES NOT DO IT IN PRIVATECUZ BUSH WOULD HAVE

Brewbaby says to (03:35:57):yep, but he really believes his way is the only way that Iraq should be

MED says to (03:36:05):IS GIVE HIM A CALLAND TELL HIMIF YOU DONT GET YOUR **** TOGETHERYOU WILL FIND YOURSELF LOOKING FOR A NEW JOBAS A JANITOROR YOU CAN HAVE A CELL NEXT TO NORIEGATHE PANAMANIAN DICTATOR

Brewbaby says to (03:37:08):He must think he is bulletproof, because he acts like no one can do anything to him

MED says to (03:50:08):AND THEN LOOKED TO SEE IF ANY NEWSTHERE WAS SOMEFROM SADR

Brewbaby says to (03:50:33):couple of good posts by guardian before midnight

MED says to (03:50:39):TELLING MALIKI HE NEEDED TO GET HIS CRAP TOGETHERYES SHE ALWAYS FINDS THE BEST

Brewbaby says to (03:51:13):I do not think he fears him anymore eitherSomeone needs to get close enough to Maliki and whisper in his ear what he really does not want to hear, but will listen to if he know whats good for himwell, it is that time my friend, have to get ready for work. Oh, can you IM me?promised I would tell you something from someone

MED says to (04:06:42):OK BACKGOOD MORNING

rowboat says to (04:09:59):gm mednobody here, guess i ll go cut grass on the golf coarseangel42b says to (04:28:16):I have a few mins for a break so thought Id stop in here and say Hi .looks like my luck is still the same lol no one here anymore when Im on. so guess Ill just say GN then yall have a wonderful Blessed day. maybe Ill have time later to come back onrussell says to (04:44:50):gm ds

Newlife says to (04:55:34):I see we are still a go

MED says to (04:55:40):WHAT IS IT CONTAGIOUS

mpw says to (04:55:51):hey med

MED says to (04:55:51):SO IT SEEMSHI MPWI AM VERY CAUTIOUSESPECIALLYON THIS HOME STRETCHALL I AM SAYING IS THATSO FAR WATCHING ALL WEEKTHERE IS NOTHING TO TELL ME IT IS OVEROR AT LEAST PUT OFF